Thomas H Patrick, Jr

Title: Innovations of Thomas H Patrick, Jr.

Introduction

Thomas H Patrick, Jr. is an accomplished inventor based in New York, NY (US). He holds two patents that showcase his expertise in financial instruments. His innovative work has contributed significantly to the field of finance and investment.

Latest Patents

One of his notable patents is related to convertible financial instruments with contingent payments. This invention provides incentives for holders to keep the instruments outstanding, allowing issuers to maintain flexibility and control over the maturity date and settlement of the instrument. The patent outlines how issuers can deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. Additionally, it includes provisions for contingent payments to the holder based on specific circumstances, which may involve formulaic calculations. For instance, contingent payments may be triggered when the trading value of the convertible instrument exceeds a predetermined value or when the price of another financial instrument meets certain criteria.

Career Highlights

Throughout his career, Thomas H Patrick, Jr. has worked with prominent organizations, including Bank of America Corporation. His experience in the financial sector has allowed him to develop innovative solutions that address complex financial challenges.

Collaborations

Some of his notable coworkers include James R Birle, Jr. and David K Dolan. Their collaboration has likely contributed to the development of innovative financial products and services.

Conclusion

Thomas H Patrick, Jr. is a distinguished inventor whose contributions to convertible financial instruments have made a significant impact in the finance industry. His patents reflect a deep understanding of financial mechanisms and their implications for issuers and holders alike.